Tuesday, July 15, 2008

Attention: NYC Teachers






TRS had a great seminar today on retirement options for Tier I teachers. It was worth the trip to 55 Water St. Don't despair if you are not Tier I. They also run these seminars for Tiers II, III and IV. Even if you are not ready for retirement, it is still worthwhile going. There is a special form to fill out that will give you a projected retirement income.




Views from the windows









South Street Sea Port







This street performer was fantastic. One of the few I have actually given money to. The box he ends up in is only a 17 inch cube.








6 comments:

Anonymous said...

The US. economy is going down the drain. Should we keep our money in the TRS or should we STOP contributing to it.

Anonymous said...

Can you be more specific with your question???

What are you talking about--your TDA? If you are a working teacher of course you contribute--the maximum if you can. If you are worried about the market, put it in fixed at 8%--how great is that? If you are close to retirement put it in fixed.
Not only is it a saving vehicle, it reduces your taxes.

If you are talking about contributing under the new plan, and want to retire at 55/25 of course you must contribute unless you are in tier 1 or 2, you get the 2 year credit and can retire after 28 years, or if you want out 3 years earlier, do the new plan.

Schoolgal

Pissed Off said...

They don't give advice on what to do with your mone. they just explain options and tell you how to go about filing.

Anonymous said...

Hey pissed off...your pictures are great. What kind of camera do you have? (point and click or a fancy one) Just curious...

Ms. Tsouris said...

You really can't beat our fixed rate of 8.25%. Check with your friends working in the corporate world if you think this rate's not the best. I really don't think solvency is an issue for TRS, from what I've been reading.

Pissed Off said...

Pictures come from an Olympus Stylus 1010. I do edit them with Corel Photo 6